M&A Deal Summary

Enerstream Capital Partners and Southlake Equity Group Acquire Silica Services

On October 28, 2019, private equity firms Enerstream Capital Partners and Southlake Equity Group acquired oil/gas exploration company Silica Services from Preferred Sands

Acquisition Highlights
  • This is Enerstream Capital Partners’ 1st and Southlake Equity Group’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Enerstream Capital Partners’ 2nd and Southlake Equity Group’s 4th transaction in the United States.
  • This is Enerstream Capital Partners’ 1st and Southlake Equity Group’s 3rd transaction in Texas.

M&A Deal Summary

Date 2019-10-28
Target Silica Services
Sector Oil/Gas Exploration
Buyer(s) Enerstream Capital Partners
Southlake Equity Group
Sellers(s) Preferred Sands
Deal Type Divestiture

Target

Silica Services

Frisco, Texas, United States
Silica Services is a frac sand producer providing a full range of proppant products, delivering safe, reliable, and cost-effective solutions to customers in key western U.S. energy basins. Silica Services is based in Frisco, Texas.

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Buyer(S) 2

DESCRIPTION

Enerstream Capital Partners is a private investment firm focused on investing in proven companies within the upstream and midstream energy sectors of the Southwestern US. The Firm looks to invest up to $30 million in profitable companies with $3 to $20 million of EBITDA. Prospective situations of interest of interest include buyouts, new capitalizations, corporate carve-outs, and co-investments. Enerstream Capital Partners is based in Dallas, Texas.


DEAL STATS #
Overall 2 of 2
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Enerstream Water

Oklahoma City, Oklahoma, United States

Enerstream Water strives to be a water expert for the Oil & Gas industry. Enerstream Water provides high quality operations and services for end-to-end water solutions. Enerstream Water was founded in 2012 and is based in Oklahoma City.

Buy -
Buyer

Southlake Equity Group

Southlake, Texas, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Southlake Equity Group is a private equity firm focuses on lower middle-market manufacturing, distribution and services companies headquartered in the South Central US. The Firm looks to invests $20 to $50 million in companies with an enterprise value of $20 to $200 million and revenues of $25 to $200 million. Specific areas of interest include consumer products, business services, healthcare services or devices, industrial components, scientific instruments, furniture, shelving and storage fixtures, specialty packaging, specialty printing, and building materials. The Firm will not invest in restaurants, high-tech, commodities, real estate, and financial services. Southlake Equity Group was formed in 2007 and is based in Southlake, Texas.


DEAL STATS #
Overall 4 of 5
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 3 of 3
Country: United States M&A 4 of 5
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-09 Titan Spine

Mequon, Wisconsin, United States

Titan Spine LLC is a surface technology company focused on the design and manufacture of interbody fusion devices for the spine. Titan is committed to advancing the science of surface engineering to enhance the treatment of various pathologies of the spine that require fusion. Titan Spine, markets a full line of Endoskeleton® interbody devices featuring its proprietary textured surface in the U.S. and portions of Europe through its sales force and a network of independent distributors. Titan Spine LLC was founded in 2005 and is based in Mequon, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 Karavan Trailers

Fox Lake, Wisconsin, United States

Karavan Trailers is a designer, manufacturer, and distributor of boat, personal watercraft, and utility trailers. Karavan Trailers was founded in 1986 and is based in Fox Lake, Wisconsin.

Buy -

Seller(S) 1

SELLER

Preferred Sands

Radnor, Pennsylvania, United States

Category Company
Founded 2017
Sector Oil/Gas Exploration
DESCRIPTION

Preferred Sands LLC is a frac sand producer and technology company operating in high-quality silica sand and proppant technology with a proven track record of first-mover status. Preferred Sands LLC was founded in 2017 and is based in Radnor, Pennsylvania.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1